Trump Set to Reveal ‘Reciprocal’ Trade Tariffs Today: A Major Announcement | US News
President of the United States, Donald Trump, has announced that he will reveal “reciprocal” trade tariffs on Thursday, stating, “Today is the big one.”
Countries globally have been anticipating specifics on potential tariffs following a series of warnings from the White House.
“Three incredible weeks, maybe the best ever. Today is the big one: reciprocal tariffs,” Trump posted on his Truth Social platform Thursday morning, without providing additional details.
What the president means by “reciprocal” remains unclear.
Trump has previously declared a range of tariffs on multiple nations as part of an aggressive strategy by his administration to alter global trade dynamics.
He argues that the increased costs for consumers and businesses purchasing foreign goods will ultimately bolster domestic manufacturing.
Nonetheless, economists have raised concerns that these tariffs may result in higher prices for consumers instead.
This breaking news story will be updated and more information will be available soon.
Please refresh the page for the latest full version.
Receive breaking news alerts on your smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to stay updated with the latest news.
